Buy Bharat Petroleum Corporation, target Rs 414: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Bharat Petroleum Corporation Ltd. with a target price of Rs 414. The current market price of Bharat Petroleum Corporation Ltd. is Rs 407.5 Time period given by the analyst is Intra Day when Bharat Petroleum Corporation Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 400. Bharat Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 88397.05 crore.

Bharat Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 273924.27 Crore to Sales Value (98.83 % of Total Sales), Oil Crude which contributed Rs 1742.39 Crore to Sales Value (0.62 % of Total Sales), Other Operating Revenue which contributed Rs 761.34 Crore to Sales Value (0.27 % of Total Sales), Subsidy which contributed Rs 734.23 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 73990.42 Crore, down -6.54 % from last quarter Sales of Rs 79168.84 Crore and up 13.41 % from last year same quarter Sales of Rs 65239.31 Crore Company has reported net profit after tax of Rs 3124.91 Crore in latest quarter. The company’s top management includes Dr.K Ellangovan, Mr.Arun Kumar Singh, Mr.D Rajkumar, Mr.K Padmakar, Mr.N Vijayagopal, Mr.R Ramachandran, Mr.Rajesh K Mangal, Mr.Rajiv Bansal, Mr.Vinay Sheel Oberoi, Mr.Vishal V Sharma, Mrs.J M Shanti Sundharam. Company has CVK & Associates as its auditoRs As on 31-03-2019, the company has a total of 2,169,252,744 shares outstanding.